What happens to job costs when they are written off?
The cost’s billing status is changed to “write-off” to indicate that it is neither unbillable, unbilled, or on-hold. Write-offs are summarized on Job Costs reports (see Snapshots) to track these unprofitable costs by client. Since job costs are debited to cost G/L accounts during posting, writing them off doesn’t affect the General Ledger (i.e., because they already were accounted for on the income statement).
